Largest Swiss Stock Exchange Open for Crypto Trading

July 17, 2018

SIX Group, parent company for the main stock exchange of Switzerland, stated, it stays open for rendering crypto trading services at its platform. The latter one is still to be developed and launched by mid 2019, as SIX Group spokesmen said.

Swiss Infrastructure and Exchange (SIX) Group administers the country’s largest stock exchange and plans launching fully regulated platform by the middle of 2019 for digital asset trade. The service allows for a wide range of options including consulting on ICO for projects that are not classified as securities.

In the interview to Swissinfo SIX Group member Stephan Meier stated, there is “real need” for “transparency and accountability in the crypto-world”. According to Meier, this would do good for both investors in crypto industry and members of traditional markets.

He added, the company “technically be able to add various digital assets to the platform,” and pointed out that each digital assets will be subject to proper checks before it is added.

Stephan Meier also claimed, the company wants to “build a bridge between the traditional financial services and digital communities.”

Earlier this week Switzerland was declared the second most favorable country for ICO regarding the amount of attracted funds that in total was larger than that in the US.